Immovable Fixed Assets definition
Immovable Fixed Assets means all fixtures and fittings and other fixed plant, machinery, equipment and hardware physically attached to the Premises and owned or leased by X.
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Related to Immovable Fixed Assets
immovable property shall have the meaning which it has under the law of the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property, livestock and equipment used in agriculture and forestry, rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships, boats and aircraft shall not be regarded as immovable property.
movable property means property of every description except immovable property;
Fixed Assets means Equipment and Real Estate.
Farm equipment means equipment used directly for farming
Fixtures and Equipment means, with respect to any Person, all of the furniture, fixtures, furnishings, machinery and equipment owned or leased by such Person and located in, at or upon the Assets of such Person.